Before getting involved in e-commerce, your small business must have all the resources - time, money, accounting and technical staffs, and so forth - necessary to create a product catalog, get approved for and open a merchant account, design and develop in-house shopping cart software, identify and connect with a payment processor and payment gateway system, and then tie sales and payments into your business's back office and order fulfillment systems.

Question

Quizplus · Accepted Answer

While it's important to have resources for e-commerce, many of these specific requirements, such as developing in-house shopping cart software or creating a product catalog from scratch, can be managed with existing e-commerce platforms (like Shopify, WooCommerce, etc.) that simplify or automate many of these processes. Businesses can start with more manageable resources and scale up as needed.

Before Getting Involved in E-Commerce, Your Small Business Must Have